PARIS — A trio of French and Japanese companies will acquire the mainstay reactor-construction business of struggling French nuclear group Areva, while its nuclear fuel unit turns to Asia to stabilize shaky profits. Areva suffered net losses for six straight years through 2016, stemming mainly from delays on a power plant project in Finland. As …
PARIS (Reuters) – French President Emmanuel Macron said on Sunday he would not follow Germany’s example by phasing out nuclear energy in France because his priority was to cut carbon emissions and shut down polluting coal-fired production. “I don’t idolize nuclear energy at all. But I think you have to pick your battle. My priority …
In his recent trip to Saudi Arabia, we have no doubt that US Energy Secretary Perry discussed that nations’ plans to embark on a 16 nuclear reactor building spree. The country, which suffers from electricity shortages, intends over two decades to add 17 GW of nuclear electric and 40 GW of solar generating capacity to …
Zoltan Ban Summary Kazakhstan’s move to cut uranium production is widely seen as an attempt to lift prices ahead of privatization. There is reason to believe that it is rather an uncommon decision to preserve a resource, keeping in mind the probability of it being more valuable in the future. Uranium reserves and production patterns …
JOHANNESBURG (Reuters) – South Africa plans to push ahead with its nuclear expansion plan but will now do so at a slower pace because there has been a fall in demand for electricity owing to a struggling economy, energy minister David Mahlobo said on Thursday. South Africa has the continent’s only nuclear power station and …
Last month, the French government dropped a legal target set by the previous government to reduce the share of nuclear to 50 percent by 2025, from 75 percent today. “We want to reach this objective. Our method will be to be as realistic as possible,” Poirson told reporters at the annual conference of the UFE …
SEOUL (Reuters) – South Korean President Moon Jae-in has vowed to lead his country to a “nuclear-free era”, but in an ironic twist nuclear capacity is on track to hit a record during his five-year term. The rise reflects the lag time for change, but also a surprise defeat on shuttering two partially built reactors …
Russia’s Rosatom has signed a memorandum of understanding (MoU) with Brazilian companies Centrais Elétricas Brasileiras (Eletrobras) and Eletrobras Termonuclear SA (Eletronuclear) to promote cooperation in nuclear power. It includes the possible construction of a new nuclear power plant in Brazil, Rosatom said. The MoU also covers services, including operation, maintenance and decommissioning work; nuclear fuel …
South Korea is stepping up its bid to take over stakes in a troubled nuclear project in Britain as the two countries agreed to step up cooperation in the sector, Seoul’s energy ministry said Tuesday. Energy ministers of the two nations signed a memorandum of understanding in their meeting in London to expand cooperation in …
The nuclear sector is “integral to increasing productivity and driving growth” in the UK, according to the government’s Industrial Strategy White Paper launched today. In the UK, a White Paper is a government report giving information or proposals on an issue. Unveiling the White Paper, Business Secretary Greg Clark said the strategy sets out a …
